Re Finance

Refinance is the process where you take a new loan on your existing car (before the vehicle has been completely paid off). This extends the finance term on the vehicle which can lower the finance installment and can generate extra immediate cash flow.


ADVANTAGES OF RE FINANCE:
  • You can stand a chance to qualify for a better interest rate (Provided that you have been paying your installments regularly)
  • When you finance the outstanding amount over a full term your monthly installments will be considerably less.

DISADVANTAGES OF RE FINANCE:
  • You will start with a new loan and term. For example: Instead of having two years left on your current repayment loan you will start with a new five year term.

CRITERIA FOR RE FINANCE:

Your car should be 'financeable' - here is a short checklist to validate your car.

  • Age of vehicle: The car in question may not be older than 10 years.
  • Odometer reading: If the mileage is too high on the vehicle you will not be able to refinance it.
  • Overall condition of the vehicle

WHAT IS THE FIRST THING I DO NEXT?

Please fill in the form and we will have one of our consultants give you a call to apply for refinance.



Apply Now

PLEASE NOTE: We can unfortunately not finance blacklisted or debt review clients.

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When you walk into a dealership, the dealer will want to sell you the stock on his floor. The dealer is already invested in the stock and has no interest in offering you a wider variety. We have access to the stock of more than 150 dealers and 8 000 private sellers. We’ll ensure you get the car you really want.
A TransUnion HPI check. This electronic test determines the following about the car you are about to buy:
  • Has it ever been in an accident?
  • Has it ever been reported stolen?
  • Is it still financed elsewhere?
  • Who were the previous registrants?
  • Is the odometer reading correct?
Let us do the work – we have a sophisticated call centre that speaks to hundreds of dealers and thousands of consumers. You don’t have to visit countless dealers or spend hours on the internet to find your dream car.
Because of our volumes, we have negotiating powers with Banks and dealer groups alike. We can therefore guarantee you the following:
  • The best price on your new purchase
  • The best interest rate possible
  • Trade in assistance